Finance, Banking and Economic News - 5 January 2011 - financiare.ro
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Finance, Banking and Economic News
5 January 2011



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The value of domestic shopping centres has plummeted, so that many projects are worth less than debts to banks. read more...


George Mihalcea, 50, former general manager of Aurel Vlaicu (Băneasa) airport, has been appointed as airport services manager with Qatar Airways airline, one of the world's biggest, which will operate flights on the Romanian market starting January 17. read more...


Ursus brewery and Libertatea furniture producer, two centres with an over 100-year history, are closing, after Cluj has lost a large part of the dairy, sweets or apparel industries in the last decade. read more...


Funding the Banking Deposit Guarantee Fund (FGDB) on the basis of stand-by agreements with lending institutions has been dropped at the beginning of this year, and banks' annual contribution quota has been raised from 0.2% to 0.3%. read more...


The Government sent to the International Monetary Fund (IMF) a letter saying Romania had met all conditions to get a new tranche of the loan, having ended 2010 with a deficit of 6.6% of GDP, with 1.27 million public sector employees and with the arrears below the agreed cap. read more...


Businessman George Becali, financer of the Steaua Bucureşti football team, at the end of last year sold an around 20,000 square-metre plot in Pipera (northern Bucharest) to real estate developer Portland Trust, founded by British businessman Robert Neale, one of Bucharest's leading office developers. read more...


The up to threefold increase in the pollution tax for second-hand cars has made them more expensive on the Romanian market, car market players say. read more...


05.01.2011, 00:13 | Energy | 452 views
Petrol overshoots 5 RON per litre mark
The price of a litre of petrol surpassed the psychological threshold of 5 RON in most fuelling stations, after the price was once again raised by 4-6 bani (1 RON -100 bani) as of January 1st 2011 following the hike in excise duties. read more...


The NBR (National Bank of Romania) is today discussing the level of the key interest rate on RON-denominated loans, which has been left unchanged at 6.25% per year since May last year. read more...


Both Romania an Bulgaria need to continue their efforts to be prepared to join Schengen in March 2011 but Bulgaria will surely comply to all requirements and will be ready to join in March 2011, Bulgarian Foreign Affairs minister Nikolay Mladenov declared in an interview for Standart News. read more...




Unemployment rate, calculated by the international labour office was 6.9% in the third quarter last year, a 0.1% increase compared to the similar period in 2009 when unemployment was 6.8%, Romania’s National Statistics Institute reads. read more...


Romania's unemployment rate grew slightly to 6.9% in the third quarter of 2010, from 6.8% in the previous quarter, the country’s statistics institute INS said Wednesday. read more...


Prime Minister Emil Boc and Minister of Public Finance Gheorghe Ialomitianu on Tuesday decided to have a working group established, acting under the authority of the Minister, to work out the procedural mechanism for the taxation of undeclared incomes. read more...


Romania’s central bank Wednesday left its main interest rate at a record low of 6.25% a year for the fifth consecutive time as the inflation is still above the bank's target interval. read more...


Romania’s President Traian Basescu said Wednesday he takes political responsibility for the delay of the country’s accession to the border-free Schengen Area. read more...


Romanian President Traian Basescu on Wednesday called on the High Council of Magistrates to postpone electing a new president and vice-president until January 20, after the Constitutional Court rules over the validation of the council’s members. read more...


Romania’s three opposition parties have taken steps toward forming an alliance, as liberals are close to teaming up with conservatives and social democrats are considering an alliance with liberals for the next six to eight years. read more...


Romanian President Traian Basescu on Wednesday called on the Government to “fight until the end” so the country will join the Schengen Area in April-May 2011, but stressed that Romania can not denounce the Cooperation and Verification Mechanism or thwart Croatia’s EU accession. read more...


Romanian President Traian Basescu advised the Government against signing a loan agreement with China, arguing that Romania has enough resources for investments. read more...


Romania’s President Traian Basescu called on ministers to set precise deadlines during negotiations with unions on draft laws, including the Labor Code. read more...



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